RE: THE "DOLAR PRO" CASE: The plot of the Venezuelan Government and Dolar Today to boost the Petro (PTR) with the money from family remittances abroad.
This is bad man, real bad. An economy based on remittance can only bring pain to the people. Mexico is a great example of a socialist government (wiemer republic to be exact) that relies on remittance and the gap between rich and poor is astronomical. Here in America we see this draining of funds and have been taking steps to keep our money in our communities. The only people who don't suffer are the politicians that get to skim off the top and make money on the pain they cause.
Challenging the U.S. petro dollar has been dangerous historically,,,,,,, Think Momar Ghadafi as a recent example......... I'm not prod of how were acting here, just feel it should be known abroad that the American attitude is changing and we won't be as helpful for a while here.
The thing is that most of the Venezuelans are migrating to their neighboring countries in South America. And as we have a global economy, all currencies are exchanged based on the USD/Local currency rate.
The good thing is now economy is decentralized. So, even if the government tries to control our currency, it's pointless. It won't happen, as they need USD to fund their government one way or another.
The US government is doing what they can without tresspassing international law. And most of us are grateful for it. The economic sanctions to government agents represent more that we could ask for.
Oh I see, I thought it was implied that USDs in the article were coming from the states and didn't understand it was coming from neighboring countries. I suppose it goes to show the paridigm some Americans are starting to see the world through. I don't claim to speak for all us but Trump's election is proof we are getting by in large more paranoid and retracting from the global scene in some ways. Intresting times we live in for sure.